Oil prices (QAM26) have cooled off a touch, helped by reports that the United States, Iran, and regional mediators are still talking about a possible ceasefire, including reopening the vital Strait of Hormuz for shipping traffic. That brief sense of relief has not fully relaxed energy markets, however, especially after President Donald Trump paired talk of “deep negotiations” with threats of “all hell” if no deal is reached. Despite talks, Iran’s Foreign Ministry dismissed the proposal, casting doubt on a ...